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RE: Steemit Crypto Academy Contest / S7W3 - Understanding Crypto Trading
Cryptocurrency trading can be a lucrative endeavor, but it also carries a lot of risk. Whenever we decide to venture into trading Cryptocurrencies, we should always remember this three key concepts of risk management that every crypto trader uses, apply to their trading strategy.
These 3 key concepts of risk management for crypto traders includes diversification, stop-loss orders, and risk/reward ratios. By understanding these concepts, you will be able to confidently navigate the cryptocurrency markets with peace of mind.
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